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<br /> •� �•� � TODETHER WITH all tho Improvementa now o� hereafter erectac!on tbe proparty, and all eaeements, �eppurtenanc�rs, und � �``4
<br /> -•� �µ�,�, , � (ixturas now on c�rcafter a part vi the property.All repkcemente end edd�done ohofl Glso bn cavered by this Security Insv<nnsnt, �`���
<br /> - ��+�� . All ot the torepoin�Is referred to In this 3ocwiy Inatrurr,ent na tho'Propevry.' , a�-==-.�
<br />_ BOAROUYEFl CO�NANT3 thut Borrowcr lo lav�ity acizc�d ollho o�t�to hrr.r.�y convcyod and haa tho d�ht t0 ni.°nt Gn(1 ` "���`�`"'"`"--
<br /> convcy tho Property and thnt iho Properry lo uncncumhc•rcd. c�tccp4 ior c�cun�brr.ncaa o1 rccard. 6arcm•rcr elananta cnd v;lll �,� •'•`�`••°' �
<br /> . dotcnd pcncm!ly Yha►Itia tcs tho Praperiy ng�!not n!1 c!�Iras r.nci �:;u^tid�, cubJcs.t to c:ny cncurnbraricc�01 recorrl. �,. �' •,��.
<br /> . �' � THI3 �£CURITV INSTRl1NENT combinea unito►in cov�imnts 4or ��niloiu;l u:o r.nd non•�mitorm covcnants s•aith C;nlied �� =-��
<br /> �� " ' ., " vnrintiano by JudsdicUon to constifuto n uNtorrn secu►Ity Inatrument covedn��real propejN,. �t;rr��=�--=_--
<br />: • UNlFORM C0IIENANTS. Borrovuer end LondE►cavenant and i�reo ae tollewa: ""'
<br />_ 1. Payment of Princlp�l and InMroat; Propayrr�pnl: Ans� L�t� Ch�rppo. �orrawer ohall prompty pay when -�"---
<br /> � due the pdncipat of and Interast on fhe debt evlden�ed by the `�nta�n����y prepeyrnenl�nd Iste ch�rdea duo under the Note. T v v
<br />' 2. Fund9 tor Tnxes and Inauranoa. 3ubJect to applicsblo IAw or to c� v�dllon v�aiver by Lender. BaRO�ver 3hell pay �•----- -
<br /> Gr��:�..ar..���_.�.�.��.--�...
<br />_ „ ro Lender on the dny monthly payments are uue under the Nctw,untll the Note le pdd In NII, � eum ('Funds") for: {a)yFsa�iy "
<br /> „ taxes and sssesaments whloh may attalr, prlority aver ihla 9ooudry Inetrum�nt �e o Ii�n on the Properry; (b) yeuriy laaaehold
<br /> psymenta or ground rento on fhe Propwty, I}any; (e) yeary hazard :�r;;,perty Ineur�nco premlume; (r!)yearfy Aood Inarrano8
<br /> , premiums,If nny; (e)yeary moRpago Insuranca premiuma, (f any; end (Q nny eum�payable by Borrower to Lender I�accordanco ----
<br /> with the prov}siona of paregraph 8, fn Ileu oi the peyment of morlgage Insurence premiume. Theae Items �re callad 'Eacraw �
<br /> • Itema.' Lender may, at any tlme, coAoct and hold Funds In en emount not to excoed the mrucimum nmount e lander for a
<br /> federalty related mortpago loai mey requtre for Borrower's eacrow nccount under the ted6tef Reel Eet�ta Setttement Pro.edures �'�":�;.___ _ _
<br /> Act ot 1874 ea amnnded fram time to Ume, 12 U.9.C.9 2601 et seq. ('RESPA'j, unlesa another law thst epplles to tho Funds `�;�r:..
<br /> seta a tesser amount. I}so, Lender msy, et eny time, coDect end hold Funde In an amount not to exceed the lensw amount, �`"'"---
<br /> • Lender may esdmato the emoum oi Funds due un tNe basis oi current data end reeeoneble eatimatee ot expendRurea of tuturo -
<br /> _ • Escrow Items or otherwise in accordanco wlth eppllcable law. —
<br /> �� The Funds shall be held(n nn institution whose deposlts aro Ineured by a federnl egency, Inetruenenteliry, or entityr Q�cludiny �''=-�
<br /> Lender, H Lender Is such en tnslllution) or In any Federel Home Loan Bnnk. Lender ahnll appy the Funda to pay the Eacrow f�,'�"=�'.
<br /> ��" Itoms. Lender may not charge Borrower for holdlnp end op�ying the Funda, annuaty e�nnryting the eecrow account, w verflyin0 �
<br /> nnmrc,a;_--
<br /> • the F.scrow Itema, unless Lender pays Borrowar Intr.vsst or, the Funda and nppllcable law pamite Lender to make auci� a ��"��'`""'
<br /> '�'' chsrge. However, lender may requlre Borroeler to pay a on�time charpe for an indepandent roet estate tax reporting service ��"��
<br /> .. �� --- ___
<br /> used by Lender In connectlon wfth thls loan, unlese epplicable law provides othawise. Unleaa nn �greement le made or �
<br /> � epplicable Isw raqufres (nterest to be paid, Lender shall not be requUed to pey Borrower eny Intere�t or eaminga on the Funds.
<br /> � • , Borrower and Lender may agreo(n wr!tlnfl, however, 4hnt interost ehall be pal�i on tho �unda. Lender ahell gNe to Bonower, `�v
<br /> w(thout �hArge, an annual accounttng of the Funds, ahowing credlte and debits to the Funda end the purpoae for whloh enoh ----'-;`�"=`�
<br />� debit to the Funds was made. The Funds nre pledgod ae additional securtty tor all eum�secured by tho 9ecu�ity Inatrumant, `
<br /> If iha Funds held by Lender oxceed the nmounte permltted to bo hcld by appllcable law, Lender ehalf account to Borrower ��r`'�`, �
<br /> for the excesa Funds in accordance with the requirements o1 applicebtn law, If the nmount o}the Funds hetd by Lender et sry � —
<br /> time Is not suNiclent to pay the Escrow Items when due,Lender mey so not!y i3orrower In writing, end, In euoh ceae eorrower ":
<br /> • ahall pay to Lender the umount necesaery to mako up the deflclency. Bonower ehatl make u lho daflclenc In no mo ro t h a n " �'��°"�'
<br /> hvelve month p y ��.�a�..--_
<br /> . l y payments,at Lender's sole discretlan. ��-�,__--____
<br /> . Upon pnyenent In full of all sums secured by thls Securiy Inatrument, Lender ahnll promptry refund to �orrower eny Fund3 ����1'��'�'�'��� ,�a'`�•��;
<br /> held by Lender. If, under paregreph 21, Londer shall acqulre or 8en tho PrapeRy, Lender, pdor to the ecqulsiUon or aale o}the �`••'�`
<br /> .�� _
<br /> Property, shall epply any Funds held by Lender et the tlme ot nrnu�cltt�� Qf�g�� � �.��a�a���o=i��o ouiria aacured o tina '� �? ����
<br /> -�' ' -- -- secudry Instrumon. Y " ' '
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<br /> 3. Applieatlon of Paymente. Unless epplicable Iaw providea otherwise, ell payments recelved by Lender under ' ���u 'ai � �;.'
<br /> paragraphn 1 and 2 shall bo appllad: first, to any prepayment cherges due under the Note; aecond, to amounta payablo under fi��n •:� r;
<br /> paragreph 2; thlyd, to Interest due;fourth,to principal due;and last,to any late chnrgea due under the Note. i��-�'
<br /> � .. 4. Chargea; Llene. Bortowar shatt pay ell te,�u�, asaessments, char�es, Mes and Imposltlona attdbuteblo to Ihe �{�.'��I �`'"�
<br /> Property whlah may attaln pria�(ty over thlo Security Inetrument, and leasehold paymente or ground rents, If any. Bonower�hell �
<br /> pey these obflgatlons In the manner pror;ded in paregreph 2, or If not pnld In thet manncr, Bortower ehell pay them on ih�e . `��•`i:� ,
<br /> . directy to the peraon owed payment, Bortower ehall prompty fumish to Lender ell notices of emounte to be paid under tlda
<br /> parAgraph. If Borrower makes these payments directiy, Borrower she� promptly fumish ta Lender receipte evldnncing tno �`"�'
<br /> payments. ��.iu� f..
<br /> � . Borrower ahall promptiy dischurqe any Ilon which has priorlty over this securiry Instrument unlB3s 6orrower: (a) ngreos In � `�
<br /> I wdting to ihe payment ot 1he obligatlon aecured by the Ilen In a manner acceptable to Lender, (b) conteste In good falth the ;''�;i`�;;: �._
<br /> lien by, or detends agalnst eniorcement of the Ilen In, legel procaed,n9s which In the Lender's opinlon operato to prevent the '�:°L�•
<br /> enforcement ot the Ilen; or(c) secures from the holder ot the Iten en agreement saUstactory to Lender subordinatlnp tho Ilen to ! ���,.:` 'r�j� �
<br /> .. this SecurHy Instrument. If Lender dotermines that any part of the Property Is subJect to a Ile�which may ettaln priority over thls �` ''rl'
<br /> Security Inetrument, Lender may glve BoROwer e notice identifytng the Ilen.Bonower ehell satlafy the Ilen or take ono or more ot "'' � �'
<br /> • . the acUons aet torth above wfthln 10 days ot the giving of notice. � ., �;�' �,7���
<br /> " 5. Hazard or Proporty Ir�auranco. Borrower shall keep the Improvementa now existing or hereafter eractad on tho � ' ,'��Yt
<br /> Property Insured sgalnst loas by ifre, hazards includud within the tem� 'eMended coverago' und any other hnzards, Including ' ' ' '=`
<br /> . tlooda or flooding, for whlch Lender requlres Insureace. Thls Insurence shall be malntelned In tha umounts and for the perlods �J�
<br /> thst Lender requ�ros. The Insu.dnce carrier providing the insurance shnu be chosen by Bonower sub)ect ta Lender's o I 1�!� .��•'•
<br /> which shnll not be unreasonably withheld. It Bortower fails to melntaln coverage described nbove, Lender may, nt londer'a �,�'• "•� �
<br /> ' optlon,obtaln covemgo to protect Lnnder's rights In the Praperty In accordnnce with pxrdgreph 7. ' • f�•�'
<br /> All Insurance poilclas an d renewa ls s hall be acceptable to Lender and shell Include a ste��dard mortgngo clnuoo. I.ondor �
<br /> ' shall have the right to hold tho policles and renewals. If Lendor requlres,Borrower shall promptty g(va to Lender nIi rocol�te of �
<br /> '� pald premiums end re�ewal notices. In tlie event of loas, 8onower shail gHe prompt notico to the Insuranco cnrtler and Lendor.
<br /> Lander may mako proof of loss if not made promptly by Borrower.
<br /> Unlesa Lender end Borrower otherwlse agree In writing, Insurance proceeds shall be applled tv rastoration or repalr o1 Iho
<br /> Property damaged, if the restoretion or repalr Is economicapy teaslble and Lender's securfty Is not lessenad. Ii the rostoratlon or
<br /> repAir is not economlcally leasihle or Lender's securtty would be lessened,the Insurance proceeds shull bo applled to tho sums �l.
<br /> . , secured by this 3ecurily Inatrument whether or not then due, with eny excess pald to Borrower, ti Bortower abn�dons Iho
<br /> , Property, or does not answor wRhln �0 days a notice from Londer that tho tnsurenco carrfer has o(fered to sattla a clnlm, ihon
<br /> • . Lendor may collect the Insurnnco proceeda. Lender may use the proceeds to repalr or rastore the Proporty or to pAy ouma
<br /> secured by ihis Socurity Inetrument,whether or not then duo. The 30•day perlod wlli bogln when tho notico Is qivon.
<br /> Unlosa !ender end Borrower otherwise agree In wriUng, any app!;catlon of proceods to princlpal ehall not aMend or
<br /> postpone the due date ot the monthly payments reterrad to In paragruphs 1 end 2 or chango the�mount of tho puymonta. If �
<br /> , . un6er paraomph 21 the Property is acqulred by Lender, Borrower's dght to any insurence policles nnd procaads rosutting irom
<br /> damage to iho Property prfor to the acquisftlon ahali pass to Lender to the extent of the aums by this Socurlry Inetrument
<br /> •� Immedlately pdor to the acqulsftion.
<br /> '. 8. Occupancy, Preservation, Maln4enance and Protection of the Properhr: Bo�rownr'n �..nn
<br />--_ -_. -_ ,. ADnllcatlnn� 1 anceh..I.ae o-._•••-- -..-" -- -
<br /> --- -•-. ---_.._.-o. �����..a, ,,,a„ ��oupy, esiannsn, ana use the Property ns Borrower'p pdnclpnl roaldenco wlihln
<br /> = sixly days after the oxecutlon of thl� 3ecurity Instrument end shull continue to occupy tho Proporty ns Borro�ver'a princ:lpr.l
<br /> resldence for at least ono year after tho dato oi occupancy,unloss Lender othe�wise agroes In writing, whlch consent ahnil not
<br /> bo unreasonab.y wfthheld, or unleas extenuating clrcumstances exist whlch sro boyond Borrowar's control. Borrowor shull not
<br /> ' �'9stroy,damago or Impalr the Property, ellow the Property to duteriorato, or commit wuste on thv Properry. Bumower shnll bo�n l
<br /> .., deinuft If any tor(eiture ectlon or procesding, whather civll or cNminal, Is begun thot In Lendor's goo�l fallh Jud�ment cnuld rosull
<br /> in forfeNure of the Property or othenrlse materiully Impalr the Ile�creuted by this Securfty Inatrumont or Lendnr'o sQCUrlty intorost.
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<br /> F1370.LMQ(i0/94) �
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<br /> o., 94084
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